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Procurement KPIs & Metrics: What To Focus on and How To Measure

Precoro

In today's competitive market, where it's not all about cost savings, tracking procurement performance and aligning it with business goals and objectives is a must-have. So how do you measure the effectiveness of procurement operations within your organization? What Are Procurement KPIs, and Why Use Them?

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28 Procurement KPIs That Optimize Supplier & Buyer Performance

Silvon Software

The past few years have created a lasting impact on the way business is conducted, driving many companies to analytics to gain the visibility they need to control and optimize key processes. The Basics of Procurement KPIs. To accomplish this, our clients rely on the built-in data hub of our Stratum reporting application.

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Prescriptive Analytics for Supply Chain Optimization: 6 Powerful Use Cases 

ThroughPut

If there’s any piece of technology or analytics that can help with the most advanced data-driven decision-making in the supply chain right now, that’s prescriptive analytics. It is the most promising form of analytics in the market currently. What Is Prescriptive Analytics in Supply Chain? How should the supplier perform?

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Will Arrogance Stunt your Growth?

Supply Chain Shaman

Which supply chain metrics correlate to market capitalization by Morningstar sector? Amazon can now deliver almost every category of item to your home with no shipping cost for Amazon Prime customers. Performance-based logistics in aerospace and defense changed the A&D industry forever. Supply Chain Resiliency.

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6 Manufacturing Trends You Need to Know

Arena Solutions

The engineering/manufacturing sector has a captivating attraction as a lucrative field for starting a career, thanks to technological developments and the exciting possibilities of working in industries like medical devices, electric vehicles (EV), aerospace and defense, consumer electronics, and biotechnology on cutting-edge products.

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Mastering Mobile Inventory Management for Oracle SCM Cloud: The Ultimate Guide

RFgen

The ability to update Oracle Cloud as work occurs is an essential best practice for accurate tracking and reporting. Order Management: picking, wave packing, sales orders, work orders, and ship confirm. Purchase Orders: receiving, line inquiries, inspections, put-away, returns, and RMA returns.

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Examples of How Supplier Quality Management System Implementations Pay Off

GlobalTranz

The first post in this series broke down what is supplier quality management and the steps to evaluate suppliers and the second post gave you insight into the metrics to look out for by 6 major industries. Always work toward quality perfection (even though perfection does not exist) with all of your suppliers.